IN RE FINANCIAL NEWS NETWORK, INC.

No. M-47.

126 B.R. 157 (1991)

In re FINANCIAL NEWS NETWORK, INC., Debtor. Appeal of DOW JONES/GROUP W TELEVISION COMPANY, Dow Jones & Company, Inc. and Westinghouse Broadcasting Company, Inc.

United States District Court, S.D. New York.

April 18, 1991.


Attorney(s) appearing for the Case

Michael A. Rosenthal, Gibson, Dunn & Crutcher, New York City (Ronald S. Orr, Cynthia C. Lebow, David H. Kennedy, of counsel), for Financial News Network Inc., debtor in possession.

Cravath, Swaine & Moore, New York City (David Boies, of counsel), Patterson, Belknap, Webb & Tyler, New York City (David Dykhouse, of counsel), Dickstein, Shapiro & Morin, Washington, D.C. (Bernard Nash, of counsel), for Dow Jones/Group W Television Co., Dow Jones & Co., Inc. and Westinghouse Broadcasting Co., Inc.

Bruce R. Zirinsky, Weil, Gotshal & Manges, New York City (Brian S. Rosen, Philip S. Weber, Deborah Deitsch-Perez, Banks Tarver, of counsel), for Consumer News and Business Channel Partnership.

O'Melveny & Myers, Los Angeles, Cal. (Ben H. Logan, of counsel), Powell, Goldstein, Frazer & Murphy, Atlanta, Ga. (Jesse H. Austin, of counsel), for the Toronto-Dominion Bank.

Michael A. Schlanger, Jeffrey M. Sherman, Alvin Dunn, Joseph C. Figini, Shaw, Pittman, Potts & Trowbridge, Washington, D.C., William I. Weisberg, Weisberg & Weisberg, New York City, for Telesat Cablevision, Inc.

Kramer, Levin, Nessen, Kamin & Frankel, New York City (Kenneth H. Eckstein, of counsel), for the Official Committee of Unsecured Creditors of Financial News Network, Inc.

James M. Spears, Gen. Counsel, Marc G. Schildkraut, Asst. Director, Jerold D. Cummins, Dennis F. Johnson, Anthony Low Joseph, F.T.C., Washington, D.C. by Robin E. Eichen, F.T.C., New York Regional Office, New York City, Charles M. Oberly, III, Atty. Gen., State of Delaware by Fred E. Silverman, Chief Deputy, Atty. Gen., Wilmington, Del., for the State of Del.

Ernest D. Preate, Jr., Atty. Gen., Com. of Pa., Daniel Clearfield, Executive Deputy Atty. Gen., Public Protection Div. by Carl S. Hisiro, Senior Deputy Atty. Gen., Antitrust Section, David R. Weyle, Deputy Atty. Gen., Antitrust Section, Office of Atty. Gen., Harrisburg, Pa., for the Com. of Pa.


LASKER, District Judge.

These are expedited appeals from a decision reached by the Bankruptcy Court for the Southern District of New York on April 3, 1991 in the Chapter 11 proceedings of Financial News Network, Inc. ("FNN"). In re Financial News Network, Inc., 91 B 10891 (FGC).

The Bankruptcy Court ruled orally on that date that any antitrust objections or actions by the Federal Trade Commission (FTC) or state...

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